Exporting to Latin America loses ~5% of wire transfer value due to correspondent bank fees and FX spread.

SWIFT wires for LatAm have high intermediary fees and poor FX rates, and take ~10 days to clear.

Opp. Score

Severity

4High

Willingness to Pay

implied

Added

Jun 8, 2026

Workarounds Described

asks customers to use local payment methods (SPEI, PIX) instead of SWIFT wire

Implied Software Gaps

Automated local payment collection with FX optimization for LatAm markets

App Concept

LatAmPay Flow

A cross-border payment platform that lets US exporters receive payments via local real-time methods (SPEI, PIX) without needing a local bank account. Handles compliance and KYC upfront, so funds clear in 48 hours with near-zero fees.

Key Features

Local receiving instructions (SPEI, PIX, etc.) for multiple LatAm countries
Automated KYC/compliance verification
Real-time settlement in USD
FX conversion at mid-market rate
Dashboard for tracking payments and reconciliations

Target Users: US-based small- to mid-size exporters shipping goods to Latin America, doing $50k-$5M annual LatAm sales

Revenue Model: 1% fee per transaction (capped at $100) or $49/mo subscription + 0.5% per transaction

Existing Solutions Mentioned

SWIFT wireSPEI (Mexico)PIX (Brazil)

Part of App Idea

Exporting to Latin America loses ~5% of wire transfer value due to correspondent bank fees and FX spread.

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